"The market floor price can fall as low as -€500/MWh. Yes, you read that correctly, bids can be submitted with negative prices. Subsidized renewables and must-run assets (such as nuclear) usually bid at that price to ensure their production.
What is incredible is that in the last five years, around 11 GW of additional capacity has been added that bids at negative prices during the day."
Which means they should pay electric car owners for absorbing that energy.
"The market floor price can fall as low as -€500/MWh. Yes, you read that correctly, bids can be submitted with negative prices. Subsidized renewables and must-run assets (such as nuclear) usually bid at that price to ensure their production.
What is incredible is that in the last five years, around 11 GW of additional capacity has been added that bids at negative prices during the day."
Which means they should pay electric car owners for absorbing that energy.